MUNICH -- Volkswagen plans to crack an industry barrier and offer used-vehicle leases on its ID family of electric vehicles, including those in North America, as a strategy to keep control over their valuable batteries, VW executives told Automotive News.
Speaking on Monday with journalists here at the Munich auto show, Volkswagen Group CEO Herbert Diess said the secondary leases would allow VW to recycle the valuable battery packs into new uses, including home power centers and fast chargers.
"In Europe, we are trying to get a second lease and even a third lease, and keep the car in our hands," Diess told a group of American automotive journalists, adding later that the same plan would be rolled out in North America. "Battery life, we think today is about 1,000 charging cycles and around 350,000 kilometers [about 215,000 miles], something like that. So, the battery would probably live longer than the car, and we want to get hold of the battery. We don't want t…